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PART A: RECORD The following transactions and adjustments have not yet been recorded: December 29 Additional Merchandise Inventory was purchased for $10,000 on account, terms
PART A: RECORD The following transactions and adjustments have not yet been recorded: December 29 Additional Merchandise Inventory was purchased for $10,000 on account, terms 2/10,n30. December 30 STAZE Clean sold product for $12,000 to a customer on account, terms n30. The calculated cost of this Inventory was $7,000. December 31 The Equipment was purchased on January 1, 2020, for a cost of $24,000. It has a useful life of 10 years and no salvage value. Depreciation has already been recorded for 2020 and 2021 but still needs to be calculated and recorded for 2022. Using the information above, record the transactions in the chart below. Use only account names currently available from the account listinn nraisi..... Use only Now that you have recorded the transactions update the account balances in the chart. If you do not use an account, the balance will remain unchanged. (13.5 marks) This content is protected and may not be shared, upioaded, or disthibuted. Copyright Dumam Caliege andlor its ficensors (2022). 5 Here are account balances (listed in alphabetical order) for STAZE Clean Inc. after most transactions were recorded for the month of December 2022
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